The Circular Relationship Between Inequality Leverage And Financial Crises
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Author | : Sebastiano Fadda |
Publisher | : Routledge |
Total Pages | : 266 |
Release | : 2016-03-10 |
Genre | : Business & Economics |
ISBN | : 1317402138 |
Recently, the issue of inequality has regained attention in economic and political debates. Although this interest is welcome, the debate is still mostly focused on income or wealth distribution, which is an important aspect but does not present a complete view of inequality. Most of the theoretical and empirical studies produced by economists concern personal income distribution or factor income distribution. This is more evident in the studies of the evolution and characteristics of contemporary capitalism and globalization. Varieties of Economic Inequality considers both theoretical perspectives and empirical evidence of aspects such as income, gender, race, technology, power, region, education and class. Ultimately, this text rejects the idea of supposed long run constant factor shares, the positive effects of inequality and the greater importance of absolute level of income compared to its unequal distribution, and instead reveals the structural inequalities that exist within societies. This book advocates a move away from the focusing on inequality at the level of the individual and suggests policy for eradicating these various forms of inequality. It is suitable for those who study political economy, social inequality as well as economic theory and philosophy.
Author | : Ali Ari |
Publisher | : Springer Nature |
Total Pages | : 384 |
Release | : 2023-02-25 |
Genre | : Business & Economics |
ISBN | : 3031232577 |
As the current capitalist system has been increasingly struggling to respond to the problems and uncertainties in the global economy, this book aims to identify the main economic, social, and ecological problems and discusses solutions for a more inclusive and sustainable economic system. Written by an international selection of contributors, it takes a wider perspective beyond classical orthodox economics. By doing so, this book covers a wide range of topics, such as global warming and climate change, food and energy scarcity, rising inequality and debt issues, health, ecological, economic, and political crises, degrowth, green new deals, solidarity, economy, artificial intelligence, technological change, smart solutions, and smart cities. Discussing these topics, the book presents answers to the question of whether the current capitalist system is viable and provides suggestions for a fair, inclusive, and modern economic system. Taking a comprehensive approach, the book will appeal to students, scholars, and researchers of heterodox and alternative economics.
Author | : Philip Arestis |
Publisher | : Springer |
Total Pages | : 391 |
Release | : 2018-09-04 |
Genre | : Political Science |
ISBN | : 3319912984 |
This book is the fifteenth volume in the renowned International Papers in Political Economy (IPPE) series which explores the latest developments in political economy. Containing contributions by experts in the field, this book focuses on topics that address the ongoing debate of inequalities in economic systems. Inequality has been considered a problem by many academics and policy makers for a long time now and recently here has been some evidence of increasing inequalities in society. Contributors to this book focus on the causes and consequences of inequality along with the importance of tackling inequality and recommend potential policies to reduce it, for example tax reforms. The book covers different aspects of inequality - from income to gender - and explores links between inequality and economic growth, and financialisation and financial crisis.
Author | : Zamir Iqbal |
Publisher | : Springer |
Total Pages | : 203 |
Release | : 2017-09-27 |
Genre | : Business & Economics |
ISBN | : 3319663909 |
This book provides an introductory theoretical foundation of the ethics embedded in Islamic economics and finance, and it shows how this ethical framework could pave the way to economic and social justice. It demonstrates how Islamic finance—a risk-sharing and asset-backed finance—has embedded universal values, ethical rules, and virtues, and how these qualities may be applied to a supposedly value-neutral social science to influence policy-making. This book argues that ethical and responsible finance, such as Islamic finance, could lead the efforts to achieve sustainable economic development. Iqbal and Mirakhor then conduct a comparative analysis of Islamic and conventional financial systems and present Islamic finance as an alternative that can address today’s growing problems of inequality, social injustice, financial repression, unethical leadership, and lack of opportunity to share prosperity.
Author | : Juan Pablo Bohoslavsky |
Publisher | : Policy Press |
Total Pages | : 303 |
Release | : 2024-05-16 |
Genre | : Political Science |
ISBN | : 1529237289 |
EPDF and EPUB available open access under CC-BY-NC-ND licence. As many developing countries are facing increasingly higher levels of debt and economic instability, this interdisciplinary volume explores the intersection of sovereign debt and women's human rights. Through contributions from leading voices in academia, civil society, international organizations and national governments, it shows how debt-related economic policies are widening gender inequalities and argues for a systematic feminist approach to debt issues. Offering a new perspective on the global debt crisis, this is an invaluable resource for readers who seek to understand the complex relationship between economics and gender.
Author | : Mr.Michael Kumhof |
Publisher | : International Monetary Fund |
Total Pages | : 48 |
Release | : 2013-12-17 |
Genre | : Business & Economics |
ISBN | : 1484310764 |
The paper studies how high household leverage and crises can arise as a result of changes in the income distribution. Empirically, the periods 1920-1929 and 1983-2008 both exhibited a large increase in the income share of high-income households, a large increase in debt leverage of the remainder, and an eventual financial and real crisis. The paper presents a theoretical model where higher leverage and crises arise endogenously in response to a growing income share of high-income households. The model matches the profiles of the income distribution, the debt-to-income ratio and crisis risk for the three decades prior to the Great Recession.
Author | : Paul R. Krugman |
Publisher | : W. W. Norton & Company |
Total Pages | : 202 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9780393048391 |
The author of "The Age of Diminished Expectations" returns with a sobering tour of the global economic crises of the last two years.
Author | : Rémi Genevey |
Publisher | : The Energy and Resources Institute (TERI) |
Total Pages | : 274 |
Release | : 2013-01-01 |
Genre | : Architecture |
ISBN | : 8179935302 |
The reduction of inequalities within and between countries stands as a policy goal, and deserves to take centre stage in the design of the Sustainable Development Goals agreed during the Rio+20 Summit in 2012.The 2013 edition of A Planet for Life represents a unique international initiative grounded on conceptual and strategic thinking, and – most importantly – empirical experiments, conducted on five continents and touching on multiple realities. This unprecedented collection of works proposes a solid empirical approach, rather than an ideological one, to inform future debate.The case studies collected in this volume demonstrate the complexity of the new systems required to accommodate each country's specific economic, political and cultural realities. These systems combine technical, financial, legal, fiscal and organizational elements with a great deal of applied expertise, and are articulated within a clear, well-understood, growth- and job-generating development strategy.Inequality reduction does not occur by decree; neither does it automatically arise through economic growth, nor through policies that equalize incomes downward via ill conceived fiscal policies. Inequality reduction involves a collaborative effort that must motivate all concerned parties, one that constitutes a genuine political and social innovation, and one that often runs counter to prevailing political and economic forces.
Author | : Andrew Felton |
Publisher | : |
Total Pages | : 388 |
Release | : 2011-03 |
Genre | : Business & Economics |
ISBN | : 9781907142253 |
The global financial crisis has changed finance and the global economy forever. The debate over its causes and consequences has only just begun. This book brings together VoxEU.org columns written during the height of the storm from June to December 2008, offering a glimpse of history in the making through the eyes of some of the world's leading economists. To help place individual contributions within this historical sequence, an appendix updates the timeline of events from our June publication up to December 2008. Another appendix provides a glossary of technical terms. The columns are grouped under three headings: / How did the crisis spread around the world? / How has the crisis upended traditional thinking about financial economics? / How should we fix the economy and financial system? Available free at http: //www.voxeu.org/reports/reinhart_felton_vol2/First_Global_Crisis_Vol2.pd
Author | : Raphael Kaplinsky |
Publisher | : John Wiley & Sons |
Total Pages | : 264 |
Release | : 2021-06-15 |
Genre | : Social Science |
ISBN | : 1509547843 |
Long before the pandemic, economies across the world were in trouble, with growth slowing across the board. This downturn coincided with growing inequality and social exclusion. Rising political dissatisfaction with ruling elites fuelled the rise of populism. Add to this the alarming environmental emergency and few can deny we live in a time of multiple sustainability crises. While this conclusion can lead to despair, in this broad-ranging book Raphael Kaplinsky, a leading development policy analyst, argues that the future is not necessarily bleak. Interrogating the causes and nature of the systemic crises we are living through, he shows how the challenges which we now face mirror previous historical epochs, in which dominant ‘techno-economic’ paradigms flourish, mature and run into crisis. In each case, decisive action is required to move to a more economically and socially sustainable world. In our time, we are witnessing the exhaustion of the Mass Production paradigm. How we herald and manage the transition to the next paradigm – that of Information and Communications Technologies – will determine our capacity to build a more prosperous, equitable and environmentally sustainable world. This book sets out an integrated agenda for action by multiple stakeholders to achieve this end.